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Lexington 02421 Follen Heights
127 Follen Road
$799,000
● House - Off Market

127 Follen Road

Lexington, MA 02421
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,040 Ft²
$1,627,433
RealtyHop Estimate
103.68%
Since Jul 1, 2012
MA-Boston
Primary Model

About This Property

Stroll to Bowman, Wilson Farms & the Bike Path from this sunny, classic 1929 four Bedroom 3 Bath Follen Hill Colonial!  Fresh paint, sparkling oak floors and new Berber carpet!  Loaded with charming gumwood, beamed ceilings, oak floors, & period built-ins. Open first floor features front-to-back Living Room w/ fireplace, Dining Room w/ relaxing screened Porch, Kitchen, Breakfast Rm & Den plus Bedroom/Office & full Bath. 21' deck overlooks landscaped yard with specimen trees & perennial gardens.
Unit Size
2,040 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$392
Property Type
House
Property Taxes
$968
HOA Dues
-
Year Built
1929

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 6 months ago (MLSPIN #71354221)

Price History

Date / Event Date Event Price
Jun 28, 2012 Sold
Premium
Sold
Mar 20, 2012 Listed by Coldwell Banker Residential Brokerage - Lexington $799,000
Listed by Coldwell Banker Residential Brokerage - Lexington
May 26, 2005 Sold
Premium
Sold
Mar 3, 2005 Listed by Coldwell Banker Residential Brokerage - Lexington $795,000
Listed by Coldwell Banker Residential Brokerage - Lexington

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 528
  • Garage Type: 17
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,281
  • Total Building Area: 2,040
  • Gross Building Area: 4,392
  • Building Area: 2,040
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,040
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000259
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358100

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0022 L:000280
  • Lot: 280
  • Municipality: LEXINGTON
  • Latitude: 42.4302
  • Longitude: -71.2115

    Address

  • Full Address: 127 Follen Rd
  • Address - House Number: 127
  • Address - Street Name: Follen
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C032
  • 4-Digit Zip Code: 5942
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,691,300

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,523,850
  • High Value: 1,793,924
  • Low Value: 1,253,775

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,301,000
  • Assessed Land Value: $885,000
  • Assessed Improvements Value: $416,000

    Sales

  • Current Sale Recording Date: Jun 28, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000013
  • Previous Sale Recording Date: May 26, 2005
  • Previous Sale Amount: $795,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Follen Heights

Stats & Trends

Median Asking:

$1,400,000

Sale Price/ft²

$526

Below Asking

0.02%

Average Days on Market

58

Average Home Size

4465 ft²

Average Home Age

40.1 years

Currently For Sale

10 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71354221

Frequently Asked Questions

When was property at 127 Follen Road built and last sold?
The property at 127 Follen Road was built in 1929 and last sold on Jan 1, 1970 for $799,000.
How much is this home worth?
The estimated value of the home located at 127 Follen Road is $825,089.
What are some comparable homes to 127 Follen Road?
There are currently no comparable homes to 127 Follen Road.
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